@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
27.19
Analysis
993
Correct
270
Fail
596
Pending
121
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
ADAUSDT
Long Entry
0.6460
2025-10-23
17:32 UTC
Target
0.8200
Fail
0.4730
Risk/Reward
1 : 1
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The analysis discusses ADAUSD, noting its sideways movement for several months. It identifies a descending trend. Double or triple bottom structures aren't considered reliable for confirming a bottom. A clear low is preferred for confirmation. The market has been moving sideways since a crash on October 10th, and a subsequent recovery, in the daily chart. Resistance levels are identified at approximately 0.82, and 0.934. A larger support area is identified between 0.32 and 0.54, with a smaller one needing to hold the 0.473 level. A break below 0.61 could lead to a lower support area, while a break above 0.718 might test the 0.82 level, the swing high of October 10th where the selling pressure started.